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In this tutorial, the presenter demonstrates how to extract specific parts of a text string from addresses in another cell. Using a set of four example addresses, the tutorial focuses on retrieving components such as the number, street name, and a road type abbreviation (like "Drive," "Street," or "Road"). It emphasizes that the extraction method shown applies only to text strings with consistent spacing across entries. Viewers will learn how to extract text from specified spaces, enabling quick retrieval of desired address segments.